Rogers Corporation (NYSE:ROG) Director Carol R. Jensen sold 3,500 shares of Rogers Corporation stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $115.79, for a total value of $405,265.00. Following the completion of the transaction, the director now owns 10,088 shares in the company, valued at $1,168,089.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Rogers Corporation (ROG) opened at 116.28 on Friday. The company’s 50-day moving average price is $115.66 and its 200-day moving average price is $100.26. The firm has a market capitalization of $2.11 billion, a P/E ratio of 28.04 and a beta of 1.16. Rogers Corporation has a 52-week low of $51.98 and a 52-week high of $123.38.
Rogers Corporation (NYSE:ROG) last released its earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.13. The firm had revenue of $201.40 million for the quarter, compared to analysts’ expectations of $195.60 million. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. The company’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. On average, equities research analysts expect that Rogers Corporation will post $5.55 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Creative Planning raised its stake in Rogers Corporation by 6,455.6% in the second quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock valued at $128,000 after buying an additional 1,162 shares during the period. SG Americas Securities LLC acquired a new stake in Rogers Corporation during the first quarter valued at about $106,000. Victory Capital Management Inc. raised its stake in Rogers Corporation by 17.5% in the second quarter. Victory Capital Management Inc. now owns 1,414 shares of the electronics maker’s stock valued at $154,000 after buying an additional 211 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Rogers Corporation during the first quarter valued at about $123,000. Finally, Riverhead Capital Management LLC raised its stake in Rogers Corporation by 87.4% in the second quarter. Riverhead Capital Management LLC now owns 1,499 shares of the electronics maker’s stock valued at $163,000 after buying an additional 699 shares during the period. 93.36% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on ROG shares. BidaskClub lowered Rogers Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 price objective (up from $91.00) on shares of Rogers Corporation in a research note on Friday, April 28th. B. Riley reiterated a “buy” rating and issued a $147.00 price objective on shares of Rogers Corporation in a research note on Tuesday, August 15th. Sidoti reiterated a “buy” rating and issued a $125.00 price objective (up from $120.00) on shares of Rogers Corporation in a research note on Monday, June 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Rogers Corporation in a research note on Tuesday, May 23rd. Eight research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $134.25.
Rogers Corporation Company Profile
Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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